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Let the free market rip!

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    Let the free market rip!

    I have been doing a lot of thinking recently and have come to conclusion that all these bailouts etc. are merely postponing the inevitable. To really and truly compete again we need national regeneration.
    In order to do this we must stop subsidising failing and weak banks and companies and let them go to the wall. The banks will only do it again if they get bailed out.
    So rather than piling billions into them, let them all fail. Use the money to pay for the unemployment benefits for the people who will be made unemployed. So the CEO will get the same as the cleaner.
    Next, put into place an attractive tax regime for business and inward investment - low taxes, low regulation etc.
    A little suffering will be good for the national soul after years of softness - after all where's the Blitz spirit?
    Hard Brexit now!
    #prayfornodeal

    #2
    Originally posted by sasguru View Post
    I have been doing a lot of thinking recently and have come to conclusion that all these bailouts etc. are merely postponing the inevitable. To really and truly compete again we need national regeneration.
    In order to do this we must stop subsidising failing and weak banks and companies and let them go to the wall. The banks will only do it again if they get bailed out.
    So rather than piling billions into them, let them all fail. Use the money to pay for the unemployment benefits for the people who will be made unemployed. So the CEO will get the same as the cleaner.
    Next, put into place an attractive tax regime for business and inward investment - low taxes, low regulation etc.
    A little suffering will be good for the national soul after years of softness - after all where's the Blitz spirit?
    OK, but how about the savers who've lost everything? Do they have to start all over again?
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      #3
      Originally posted by sasguru View Post
      I have been doing a lot of thinking recently and have come to conclusion that all these bailouts etc. are merely postponing the inevitable. To really and truly compete again we need national regeneration.
      In order to do this we must stop subsidising failing and weak banks and companies and let them go to the wall. The banks will only do it again if they get bailed out.
      So rather than piling billions into them, let them all fail. Use the money to pay for the unemployment benefits for the people who will be made unemployed. So the CEO will get the same as the cleaner.
      Next, put into place an attractive tax regime for business and inward investment - low taxes, low regulation etc.
      A little suffering will be good for the national soul after years of softness - after all where's the Blitz spirit?
      I said this ages ago (let the banks fail and use any bailout money to protect only the peoples savings, pensions and to lend to small businesses) and everyone called me a tw@t.

      Comment


        #4
        Originally posted by DimPrawn View Post
        everyone called me a tw@t.
        Probably for other reasons ...
        Hard Brexit now!
        #prayfornodeal

        Comment


          #5
          Originally posted by DimPrawn View Post
          I said this ages ago (let the banks fail and use any bailout money to protect only the peoples savings, pensions and to lend to small businesses) and everyone called me a tw@t.
          Wasn't me, I save that word for AtW
          ǝןqqıʍ

          Comment


            #6
            Originally posted by DimPrawn View Post
            I said this ages ago (let the banks fail and use any bailout money to protect only the peoples savings, pensions and to lend to small businesses) and everyone called me a tw@t.
            So much money has now been pissed into the wind, and is yet to be pissed into the wind that it might have been cheaper to just pay off everyone’s mortgage and start again at 0.
            And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

            Comment


              #7
              Your plan has merit, but only for the reason of inevitability. Once the country has run out of money giving it up for these bailouts, of which I think there will be three goes at, then your plan will happen, anyway. Apart from the dole bit, 'cause there won't be any 'money' for that either.

              Comment


                #8
                Originally posted by sasguru View Post
                Probably for other reasons ...
                Now you mention it...

                Comment


                  #9
                  Originally posted by DimPrawn View Post
                  I said this ages ago (let the banks fail and use any bailout money to protect only the peoples savings, pensions and to lend to small businesses) and everyone called me a tw@t.
                  Me too, but I said savers should lose their money as borrows should lose their debts. Of course those with savings here hated the idea, saying putting money in the bank is not investing, etc. Yawn.

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    I said this ages ago (let the banks fail and use any bailout money to protect only the peoples savings, pensions and to lend to small businesses) and everyone called me a tw@t.
                    I'm pretty sure I or one of the other sockpuppets agreed with you.

                    Comment

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